1806 11 Mile AveGresham, OR 97030

Property Details for 1806 11 Mile Ave

Year built

1988

Lot size

0.52 AC

Property size (Sq ft)

3,760 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a 3,760 square foot auto shop located at 1806 NW Eleven Mile Ave, Gresham, OR 97030. The property boasts a strong 9.19% cap rate, generating a substantial NOI of $91,024 annually from a 100% occupied, single-tenant net lease. The current lease, with one year remaining, features a tenant responsible for all maintenance, utilities, and insurance, minimizing landlord responsibilities. Built in 1988 and renovated in 2019, this well-maintained building sits on a 0.52-acre lot and is zoned C4. The asking price is $990,000, translating to $263.30 per square foot. Benefiting from its prime location near a Tri-Met transit hub, this property enjoys enhanced security and convenient public transportation access. The tenant's specialized business thrives within a cluster of similar auto repair shops, minimizing vacancy risk and maximizing long-term profitability. This distressed sale presents a compelling opportunity for investors seeking a stable, high-return investment in a desirable location.

Location Insight

City

Gresham

County

Multnomah

State

Oregon

Latitude

45.5097

Longitude

-122.458

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